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The Federal Government has acknowledged that fuel smuggling from Nigeria to neighbouring countries is a persistent issue that may never be fully eradicated.
“If NNPC imports PMS and sells to marketers at perhaps N600 or below, there’s no way that smuggling can stop,” Lokpobiri remarked, adding: “When smugglers are taking the products outside the country, even if you put all the policemen on the road, they are Nigerians; you and I know the answer.” He noted the importance of ramping up production to support local refining and ensure healthy competition among refineries.
Collaborative for Frontier Finance , an inclusive finance company headquartered in Kenya has announced the appointment of Chinwe Egwim as the Chief Economist and Director of Research and Impact Lab.
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